Financial development, human capital accumulation and economic growth: empirical evidence from the Economic Community of West African States (ECOWAS)

Recently, much attention is given to financial-growth nexus, but largely via the physical capital accumulation channel. This study differed by examining this nexus, via the human capital accumulation channel in the ECOWAS region. It employed panel cointegration approaches as well as the FMOLS, DOLS....

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Main Author:	Yusoff, Mohammed
Format:	Conference or Workshop Item
Language:	English
Published:	Elsevier 2015
Subjects:	HF3000 By region or country
Online Access:	http://irep.iium.edu.my/46031/ http://irep.iium.edu.my/46031/ http://irep.iium.edu.my/46031/ http://irep.iium.edu.my/46031/1/Financial_Development%2C_Human_Capital_Accumulation.pdf

id	iium-46031
recordtype	eprints
spelling	iium-460312016-05-23T00:54:09Z http://irep.iium.edu.my/46031/ Financial development, human capital accumulation and economic growth: empirical evidence from the Economic Community of West African States (ECOWAS) Yusoff, Mohammed HF3000 By region or country Recently, much attention is given to financial-growth nexus, but largely via the physical capital accumulation channel. This study differed by examining this nexus, via the human capital accumulation channel in the ECOWAS region. It employed panel cointegration approaches as well as the FMOLS, DOLS. The results revealed that bank private credit and domestic private credit contribute significantly to economic growth in the ECOWAS, both directly and through their influence on human capital accumulation. These results imply that providing access to credit to both enterprises and individuals, through appropriate financial policies, will encourage economic growth in the ECOWAS region. Elsevier 2015 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/46031/1/Financial_Development%2C_Human_Capital_Accumulation.pdf Yusoff, Mohammed (2015) Financial development, human capital accumulation and economic growth: empirical evidence from the Economic Community of West African States (ECOWAS). In: Global Conference on Business & Social Science (GCBSS-2014) , 15th & 16th December 2014, Kuala Lumpur. http:// www.sciencedirect.com doi: 10.1016/j.sbspro.2015.01.341
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HF3000 By region or country
spellingShingle	HF3000 By region or country Yusoff, Mohammed Financial development, human capital accumulation and economic growth: empirical evidence from the Economic Community of West African States (ECOWAS)
description	Recently, much attention is given to financial-growth nexus, but largely via the physical capital accumulation channel. This study differed by examining this nexus, via the human capital accumulation channel in the ECOWAS region. It employed panel cointegration approaches as well as the FMOLS, DOLS. The results revealed that bank private credit and domestic private credit contribute significantly to economic growth in the ECOWAS, both directly and through their influence on human capital accumulation. These results imply that providing access to credit to both enterprises and individuals, through appropriate financial policies, will encourage economic growth in the ECOWAS region.
format	Conference or Workshop Item
author	Yusoff, Mohammed
author_facet	Yusoff, Mohammed
author_sort	Yusoff, Mohammed
title	Financial development, human capital accumulation and economic growth: empirical evidence from the Economic Community of West African States (ECOWAS)
title_short	Financial development, human capital accumulation and economic growth: empirical evidence from the Economic Community of West African States (ECOWAS)
title_full	Financial development, human capital accumulation and economic growth: empirical evidence from the Economic Community of West African States (ECOWAS)
title_fullStr	Financial development, human capital accumulation and economic growth: empirical evidence from the Economic Community of West African States (ECOWAS)
title_full_unstemmed	Financial development, human capital accumulation and economic growth: empirical evidence from the Economic Community of West African States (ECOWAS)
title_sort	financial development, human capital accumulation and economic growth: empirical evidence from the economic community of west african states (ecowas)
publisher	Elsevier
publishDate	2015
url	http://irep.iium.edu.my/46031/ http://irep.iium.edu.my/46031/ http://irep.iium.edu.my/46031/ http://irep.iium.edu.my/46031/1/Financial_Development%2C_Human_Capital_Accumulation.pdf
first_indexed	2023-09-18T21:05:30Z
last_indexed	2023-09-18T21:05:30Z
_version_	1777410905805422592

Financial development, human capital accumulation and economic growth: empirical evidence from the Economic Community of West African States (ECOWAS)

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